Belgium Salary Indexation: Historic Record and Sector Impact in 2023

2023-12-22 11:29:00

In comparison, the indexation on January 1, 2022 amounted to 3.58% and was largely beaten by that of January 1, 2023 which reached 11.08%, a historic record.

“The rise in the health index is falling somewhat after two record years characterized by high inflation and automatic wage indexation. A multitude of other sectors are also experiencing lower wage indexation than in the last two years,” explains Acerta. In December, the health index increased by 0.98 points to 129.53 points, compared to 128.55 points in November.

The auxiliary joint committee for employees (CP 200) represents an important barometer of salary costs in Belgium given the size of this sector, underlines Acerta.

The CP 200, the largest in the country, brings together around thirty sectors such as the automobile trade, the concrete industry, construction companies, call centers, consulting, printing, garages, glass industry, wholesale trade, wood industry, agencies, travel agencies, research agencies, tobacco companies, publishing houses, temp agencies, ICT , ? The number of employees there has increased by 21% since 2019, specifies SD Worx.

Other sectors can also expect their salaries to adjust to inflation. This is the case, in particular, in the food trade and real estate management sector where the same salary indexation as the CP 200 will be applied, namely 1.48%. International trade employees will benefit from an indexation of 1.13% and insurance companies of 1.1325%.

In total, the five largest joint committees in the country, with a fixed indexation time in January, together represent more than a million employees and more than 120,000 employers, according to figures from SD Worx.

In addition, the Planning Bureau predicts that the pivot index will be exceeded twice in 2024, so that salaries of civil servants, salaries of workers in the health care sector and benefits will increase.

1703248725
#part #employees #good #news #salary

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.